Brent crude, andnatural gas prices continue
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Oil prices climbed again because of the war with Iran, tightening their grip on the global economy and sending stock markets lower around the world.
Are we headed for a bear market?
U.S. stocks climbed back from earlier declines, trading down less than 0.5% on the day.
By Georgina McCartney and Siddharth Cavale HOUSTON/New York, March 18 (Reuters) - The discount for U.S. crude futures versus Brent on Wednesday hit the widest in 11 years, as attacks on Middle Eastern oil infrastructure drove the global benchmark higher while rising supply in the U.
Even as global crude indicators soften, India is grappling with a far steeper and more complex oil price shock.
U.S. stocks are sinking Wednesday after another climb for oil prices raised worries about inflation, which may have been primed to worsen even before the war with Iran began. Stocks fell under the pressure of a 6.
Oil prices were lower on Friday after Treasury Secretary Scott Bessent said Washington may soon lift sanctions on Iranian crude stored aboard tankers.